All of the following are responsible for the removal of the formal trade barriers except

Question

Quizplus · Accepted Answer

The World Bank and the IMF are not responsible for the removal of formal trade barriers. The General Agreement on Tariffs and Trade (GATT) and its successor, the World Trade Organization (WTO), are international organizations responsible for negotiating and enforcing trade agreements that reduce formal trade barriers. Regional trade agreements such as NAFTA also play a role in removing formal trade barriers among member countries. However, the World Bank and the IMF focus on issues related to economic development and financial stability, rather than trade policy.

All of the Following Are Responsible for the Removal of the Formal